Consolidated Schedule of Investments (unaudited) March 31, 2023 |
BlackRock Science and Technology Trust (BST) (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks |
||||||||
Automobiles 2.2% |
||||||||
Tesla, Inc.(a)(b) |
116,288 | $ | 24,125,109 | |||||
|
|
|||||||
Banks 0.5% |
||||||||
Klarna Holdings AB, (Acquired 08/07/19, Cost: $7,971,978)(c)(d) |
26,430 | 5,220,225 | ||||||
|
|
|||||||
Broadline Retail(a)(b) 3.7% |
||||||||
Alibaba Group Holding Ltd., ADR |
76,011 | 7,766,804 | ||||||
Amazon.com, Inc. |
152,686 | 15,770,936 | ||||||
MercadoLibre, Inc. |
12,534 | 16,520,564 | ||||||
|
|
|||||||
40,058,304 | ||||||||
Capital Markets(a) 1.2% |
||||||||
MSCI, Inc. |
8,861 | 4,959,413 | ||||||
S&P Global, Inc. |
22,908 | 7,897,991 | ||||||
|
|
|||||||
12,857,404 | ||||||||
Communications Equipment(a) 0.9% |
||||||||
Arista Networks, Inc.(b) |
22,949 | 3,852,219 | ||||||
Motorola Solutions, Inc. |
20,355 | 5,824,176 | ||||||
|
|
|||||||
9,676,395 | ||||||||
Distributors 0.0% |
||||||||
Jasper Infotech Private Ltd., Series I, (Acquired 08/31/18, |
168,640 | 125,255 | ||||||
|
|
|||||||
Diversified Consumer Services(c)(d) 1.3% |
|
|||||||
Grammarly, Inc., (Acquired 11/17/21, Cost: $18,749,975) |
715,323 | 12,367,935 | ||||||
Think & Learn Private Ltd., (Acquired 09/30/20, Cost: $1,524,948) |
997 | 1,768,907 | ||||||
|
|
|||||||
14,136,842 | ||||||||
Electrical Equipment 0.6% |
||||||||
NEXTracker, Inc., Class A(a)(b) |
177,840 | 6,448,478 | ||||||
|
|
|||||||
Electronic Equipment, Instruments & Components 2.3% |
| |||||||
CDW Corp.(a) |
42,164 | 8,217,342 | ||||||
Flex Ltd.(a)(b) |
297,236 | 6,839,400 | ||||||
Samsung SDI Co. Ltd. |
17,184 | 9,761,177 | ||||||
|
|
|||||||
24,817,919 | ||||||||
Entertainment(a)(b) 2.1% |
||||||||
Netflix, Inc. |
20,106 | 6,946,221 | ||||||
ROBLOX Corp., Class A |
105,985 | 4,767,205 | ||||||
Spotify Technology SA |
44,645 | 5,965,465 | ||||||
Take-Two Interactive Software, Inc. |
40,060 | 4,779,158 | ||||||
|
|
|||||||
22,458,049 | ||||||||
Financial Services 7.0% |
||||||||
Adyen NV(b)(e) |
6,656 | 10,605,856 | ||||||
GMO Payment Gateway, Inc. |
83,100 | 7,194,581 | ||||||
Mastercard, Inc., Class A(a)(f) |
80,738 | 29,340,996 | ||||||
Visa, Inc., Class A(a) |
101,882 | 22,970,316 | ||||||
Wise PLC, Class A(b) |
700,318 | 4,701,372 | ||||||
|
|
|||||||
74,813,121 | ||||||||
Ground Transportation 1.0% |
||||||||
Ant Group Co., Ltd., Series C, (Acquired 05/18/18, Cost: $6,492,862)(c)(d) |
1,703,548 | 4,003,338 | ||||||
Uber Technologies, Inc.(a)(b) |
226,078 | 7,166,673 | ||||||
|
|
|||||||
11,170,011 |
Security | Shares | Value | ||||||
Health Care Technology 0.5% |
||||||||
M3, Inc. |
212,900 | $ | 5,358,490 | |||||
|
|
|||||||
Hotels, Restaurants & Leisure 0.9% |
||||||||
Trip.com Group Ltd.(b) |
247,300 | 9,316,629 | ||||||
|
|
|||||||
Interactive Media & Services 4.0% |
||||||||
Alphabet, Inc., Class A(a)(b) |
149,568 | 15,514,689 | ||||||
Meta Platforms, Inc., Class A(a)(b) |
70,190 | 14,876,069 | ||||||
Patreon, Inc., (Acquired 08/19/21, Cost: $3,352,226)(c)(d) |
59,524 | 1,661,910 | ||||||
Tencent Holdings Ltd. |
215,400 | 10,526,446 | ||||||
|
|
|||||||
42,579,114 | ||||||||
IT Services 3.7% |
||||||||
Automattic, Inc., Series E, (Acquired 02/03/21, Cost: $7,999,945)(c)(d) |
94,117 | 3,921,855 | ||||||
MongoDB, Inc.(a)(b) |
35,182 | 8,201,628 | ||||||
Okta, Inc.(a)(b) |
58,732 | 5,065,048 | ||||||
Shopify, Inc., Class A(a)(b)(g) |
97,225 | 4,660,967 | ||||||
Snowflake, Inc., Class A(a)(b) |
12,407 | 1,914,276 | ||||||
TRAX Ltd., (Acquired 09/12/19, Cost: $4,000,013)(c)(d) . |
106,667 | 2,788,275 | ||||||
TRAX Ltd., Series D, (Acquired 02/18/21, Cost: $1,999,989)(c)(d) |
38,361 | 1,002,757 | ||||||
Twilio, Inc., Class A(a)(b) |
64,872 | 4,322,421 | ||||||
Voltron Data, Inc., Series A, (Acquired 01/18/22, Cost: $10,000,000)(c)(d) |
6,201,935 | 7,938,477 | ||||||
|
|
|||||||
39,815,704 | ||||||||
Professional Services 0.2% |
||||||||
Planet Labs PBC |
438,065 | 1,721,595 | ||||||
|
|
|||||||
Real Estate Management & Development 0.4% |
|
|||||||
KE Holdings, Inc., ADR(a)(b) |
235,068 | 4,428,681 | ||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment 20.5% |
| |||||||
Advanced Micro Devices, Inc.(a)(b) |
158,548 | 15,539,288 | ||||||
ASM International NV |
31,760 | 12,891,408 | ||||||
ASML Holding NV |
43,634 | 29,734,300 | ||||||
Broadcom, Inc.(a) |
29,298 | 18,795,839 | ||||||
Credo Technology Group Holding Ltd.(a)(b) |
635,916 | 5,990,329 | ||||||
First Solar, Inc.(a)(b) |
27,534 | 5,988,645 | ||||||
Lam Research Corp.(a) |
18,964 | 10,053,196 | ||||||
Marvell Technology, Inc.(a) |
184,595 | 7,992,963 | ||||||
Micron Technology, Inc.(a) |
77,264 | 4,662,110 | ||||||
Monolithic Power Systems, Inc.(a) |
23,437 | 11,731,156 | ||||||
NVIDIA Corp.(a)(f) |
158,517 | 44,031,267 | ||||||
QUALCOMM, Inc.(a) |
56,491 | 7,207,122 | ||||||
Renesas Electronics Corp.(b) |
299,200 | 4,332,657 | ||||||
Soitec SA(b) |
84,591 | 13,574,585 | ||||||
STMicroelectronics NV |
164,453 | 8,762,660 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR(a) . |
57,505 | 5,349,115 | ||||||
Wolfspeed, Inc.(a)(b)(g) |
198,792 | 12,911,540 | ||||||
|
|
|||||||
219,548,180 | ||||||||
Software 22.4% |
||||||||
Alteryx, Inc., Class A(a)(b) |
86,509 | 5,090,190 | ||||||
ANSYS, Inc.(a)(b) |
34,295 | 11,413,376 | ||||||
Aspen Technology, Inc.(a)(b)(g) |
29,954 | 6,855,572 | ||||||
Atlassian Corp., Class A(a)(b) |
33,839 | 5,792,222 | ||||||
Autodesk, Inc.(a)(b) |
25,427 | 5,292,884 | ||||||
Cadence Design Systems, Inc.(a)(b) |
114,238 | 24,000,261 | ||||||
Constellation Software, Inc. |
3,923 | 7,375,501 | ||||||
Crowdstrike Holdings, Inc., Class A(a)(b) |
33,034 | 4,534,247 |
1 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2023 |
BlackRock Science and Technology Trust (BST) (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Software (continued) |
||||||||
Dassault Systemes SE |
144,641 | $ | 5,966,590 | |||||
Databricks, Inc., (Acquired 07/24/20, Cost: $960,476)(c)(d) |
59,997 | 3,271,036 | ||||||
DataRobot, Inc., (Acquired 03/01/21, Cost: $583,275)(c)(d) |
38,789 | 174,938 | ||||||
Gitlab, Inc., Class A(a)(b)(g) |
117,058 | 4,013,919 | ||||||
Intuit, Inc.(a) |
26,598 | 11,858,186 | ||||||
Microsoft Corp.(a) |
291,356 | 83,997,935 | ||||||
Oracle Corp.(a) |
163,943 | 15,233,584 | ||||||
Salesforce, Inc.(a)(b) |
55,935 | 11,174,694 | ||||||
Salt Pay Co. Ltd., Series C, (Acquired 12/17/21, Cost: $24,999,987)(c)(d) |
12,871 | 9,428,394 | ||||||
ServiceNow, Inc.(a)(b) |
15,190 | 7,059,097 | ||||||
SiteMinder Ltd.(b) |
1,761,697 | 4,054,042 | ||||||
Snorkel AI, Inc., (Acquired 06/30/21, Cost: $997,636)(c)(d) |
66,422 | 472,925 | ||||||
Snyk Ltd., (Acquired 09/02/21, Cost: $5,192,307)(c)(d) |
361,972 | 4,159,059 | ||||||
Unity Software, Inc.(a)(b)(g) |
114,284 | 3,707,373 | ||||||
Xero Ltd.(b) |
80,662 | 4,892,264 | ||||||
|
|
|||||||
239,818,289 | ||||||||
Technology Hardware, Storage & Peripherals 7.6% |
| |||||||
Apple, Inc.(a) |
496,676 | 81,901,872 | ||||||
Lumine Group, Inc.(b) |
10,861 | 118,213 | ||||||
|
|
|||||||
82,020,085 | ||||||||
|
|
|||||||
Total Common Stocks 83.0% (Cost: $563,885,824) |
890,513,879 | |||||||
|
|
|||||||
Par (000) |
||||||||
Convertible Notes |
||||||||
Software 0.1% |
||||||||
Wyre, Inc., (Acquired: 12/14/21, Cost: $8,000,000), 6.00%(c)(d) |
$ | 80 | 747,200 | |||||
|
|
|||||||
Total Convertible Notes 0.1% (Cost: $8,000,000) |
747,200 | |||||||
|
|
|||||||
Shares | ||||||||
Preferred Securities |
||||||||
Preferred Stocks 17.8%(c)(d) |
||||||||
Chemicals 0.8% |
||||||||
Solugen, Inc., Series C, (Acquired 09/02/21, Cost: $9,999,977) |
269,284 | 9,058,714 | ||||||
|
|
|||||||
Diversified Consumer Services 1.0% |
|
|||||||
FlixMobility GmbH, Series F, (Acquired 07/26/19, Cost: $5,482,937) |
275 | 5,128,202 | ||||||
Grammarly, Inc., Series 3, (Acquired 11/17/21, Cost: $6,249,992) |
238,441 | 4,122,645 | ||||||
Think & Learn Private Ltd., Series F, (Acquired 09/30/20, Cost: $3,052,975) |
1,054 | 1,870,039 | ||||||
|
|
|||||||
11,120,886 |
Security | Shares | Value | ||||||
Diversified Telecommunication Services 0.5% |
|
|||||||
Discord, Inc., Series I, (Acquired 09/13/21, Cost: $7,000,088) |
12,713 | $ | 4,916,371 | |||||
|
|
|||||||
Financial Services 0.6% |
||||||||
Trumid Holdings LLC, Class L, (Acquired 09/15/21, Cost: $9,999,695)(h) |
11,420 | 6,320,057 | ||||||
|
|
|||||||
Food Products 2.4% |
||||||||
Farmers Business Network, Inc. |
||||||||
Series F, (Acquired 07/31/20, Cost: $2,999,886) |
90,750 | 4,229,857 | ||||||
Series G, (Acquired 09/15/21, Cost: $6,999,963) |
112,616 | 5,249,032 | ||||||
Grubmarket, Inc., Series E, (Acquired 10/18/21, Cost: $6,999,994) |
709,724 | 15,670,706 | ||||||
|
|
|||||||
25,149,595 | ||||||||
Interactive Media & Services 0.3% |
||||||||
Patreon, Inc., Series D, (Acquired 07/14/21, Cost: $6,666,632) |
119,047 | 3,323,792 | ||||||
|
|
|||||||
IT Services 3.9% |
||||||||
ByteDance Ltd., Series E-1, (Acquired 11/11/20, Cost: $9,650,746) |
88,075 | 13,930,371 | ||||||
Deep Instinct Ltd., Series D-2, (Acquired 03/19/21, Cost: $2,999,391) |
493,493 | 3,479,126 | ||||||
MNTN Digital, Inc., Series D, (Acquired 11/05/21, Cost: $24,999,980) |
1,088,598 | 10,548,514 | ||||||
Trumid Holdings LLC(h) |
||||||||
Class J-A, (Acquired 07/24/20, Cost: $2,499,716) |
5,038 | 2,788,130 | ||||||
Class J-B, (Acquired 07/24/20, Cost: $1,499,829) |
5,038 | 2,788,130 | ||||||
Voltron Data, Inc., Series SEED, (Acquired 07/14/21, Cost: $5,000,000) |
9,090,909 | 8,181,818 | ||||||
|
|
|||||||
41,716,089 | ||||||||
Semiconductors & Semiconductor Equipment 3.8% |
| |||||||
PsiQuantum Corp. |
||||||||
Series C, (Acquired 09/09/19, Cost: $3,200,234) |
690,003 | 13,103,157 | ||||||
Series D, (Acquired 05/21/21, Cost: $5,000,025) |
190,650 | 4,571,787 | ||||||
Rivos, Inc., Series A, (Acquired 12/03/21, Cost: $12,003,705) |
4,500,000 | 11,160,000 | ||||||
SambaNova Systems, Inc., Series C, (Acquired 02/20/20, Cost: $9,972,125) |
187,300 | 11,891,677 | ||||||
|
|
|||||||
40,726,621 | ||||||||
Software 4.5% |
||||||||
Bolt Financial, Inc., Series E, (Acquired 01/18/22, Cost: $29,999,955) |
598,682 | 15,595,666 | ||||||
Databricks, Inc. |
||||||||
Series F, (Acquired 10/22/19, Cost: $3,999,999) |
279,405 | 15,233,161 | ||||||
Series G, (Acquired 02/01/21, Cost: $4,500,001) |
76,113 | 4,149,681 | ||||||
DataRobot, Inc., Series F, (Acquired 10/27/20, Cost: $2,999,996) |
228,276 | 1,280,628 | ||||||
Prosimo, Inc., Series B, (Acquired 11/04/21, Cost: $4,999,998) |
2,515,811 | 3,924,665 | ||||||
Snorkel AI, Inc., Series C, (Acquired 06/30/21, Cost: $4,999,985) |
332,896 | 2,370,219 | ||||||
Snyk Ltd., Series F, (Acquired 09/02/21, Cost: $4,807,688) |
337,018 | 3,872,337 |
C O N S O L I D A T E D S C H E D U L E O F I N V E S T M E N T S | 2 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2023 |
BlackRock Science and Technology Trust (BST) (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Software (continued) |
||||||||
Unqork, Inc. |
||||||||
Series B, (Acquired 09/19/19, Cost: $3,198,417) |
281,080 | $ | 1,888,858 | |||||
Series C, (Acquired 09/18/20, Cost: $1,303,260) |
47,600 | 398,412 | ||||||
|
|
|||||||
48,713,627 | ||||||||
|
|
|||||||
191,045,752 | ||||||||
|
|
|||||||
Total Preferred Securities 17.8% |
191,045,752 | |||||||
|
|
|||||||
Warrants |
||||||||
IT Services 0.0% |
||||||||
TRAX Ltd., (Acquired 09/12/19, Cost: $0), (Issued 09/23/19, Exercisable 07/12/23, 1 Share for 1 Warrant, Expires 09/15/23, Strike Price USD 46.88)(b)(c)(d) |
17,065 | 854 | ||||||
|
|
|||||||
Total Warrants 0.0% |
854 | |||||||
|
|
|||||||
Total Long-Term Investments 100.9% |
|
1,082,307,685 | ||||||
|
|
|||||||
Short-Term Securities |
||||||||
Money Market Funds 0.8% |
||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class, 4.70%(i)(j) |
262,674 | 262,674 | ||||||
SL Liquidity Series, LLC, Money Market Series, 5.01%(i)(j)(k) |
7,809,299 | 7,809,299 | ||||||
|
|
|||||||
Total Short-Term Securities 0.8% |
|
8,071,973 | ||||||
|
|
|||||||
Total Investments Before Options Written 101.7% |
|
1,090,379,658 | ||||||
|
|
|||||||
Options Written (1.6)% |
(17,010,296 | ) | ||||||
|
|
|||||||
Total Investments, Net of Options Written 100.1% |
1,073,369,362 | |||||||
Liabilities in Excess of Other Assets (0.1)% |
|
(1,197,578 | ) | |||||
|
|
|||||||
Net Assets 100.0% |
$ | 1,072,171,784 | ||||||
|
|
(a) | All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written. |
(b) | Non-income producing security. |
(c) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(d) | Restricted security as to resale, excluding 144A securities. The Trust held restricted securities with a current value of $250,099,092, representing 23.3% of its net assets as of period end, and an original cost of $307,911,241. |
(e) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
(f) | All or a portion of the security has been pledged as collateral in connection with outstanding OTC derivatives. |
(g) | All or a portion of this security is on loan. |
(h) | All or a portion of the security is held by a wholly-owned subsidiary. |
(i) | Affiliate of the Trust. |
(j) | Annualized 7-day yield as of period end. |
(k) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
For Trust compliance purposes, the Trusts industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.
3 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2023 |
BlackRock Science and Technology Trust (BST)
|
Affiliates
Investments in issuers considered to be affiliate(s) of the Trust during the period ended March 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 12/31/22 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 03/31/23 |
Shares Held at |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Liquidity Funds, T-Fund, Institutional Class |
$ | 5,779,501 | $ | | $ | (5,516,827 | )(a) | $ | | $ | | $ | 262,674 | 262,674 | $ | 38,123 | $ | | ||||||||||||||||||
SL Liquidity Series, LLC, Money Market Series |
825,025 | 6,985,315 | (a) | | (414 | ) | (627 | ) | 7,809,299 | 7,809,299 | 4,454 | (b) | | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (414 | ) | $ | (627 | ) | $ | 8,071,973 | $ | 42,577 | $ | | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) | Represents net amount purchased (sold). |
(b) | All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. |
Derivative Financial Instruments Outstanding as of Period End
Exchange-Traded Options Written
Description | Number of Contracts |
Expiration Date |
Exercise Price | Notional Amount (000) |
Value | |||||||||||||||||||||||
Call |
||||||||||||||||||||||||||||
Advanced Micro Devices, Inc. |
146 | 04/06/23 | USD | 85.00 | USD | 1,431 | $ | (189,435 | ) | |||||||||||||||||||
Alphabet, Inc., Class A |
37 | 04/06/23 | USD | 94.00 | USD | 384 | (34,595 | ) | ||||||||||||||||||||
Amazon.com, Inc. |
277 | 04/06/23 | USD | 97.00 | USD | 2,861 | (180,742 | ) | ||||||||||||||||||||
Apple, Inc. |
357 | 04/06/23 | USD | 152.50 | USD | 5,887 | (444,465 | ) | ||||||||||||||||||||
Broadcom, Inc. |
28 | 04/06/23 | USD | 630.00 | USD | 1,796 | (41,300 | ) | ||||||||||||||||||||
CDW Corp. |
120 | 04/06/23 | USD | 201.00 | USD | 2,339 | (7,386 | ) | ||||||||||||||||||||
First Solar, Inc. |
40 | 04/06/23 | USD | 220.00 | USD | 870 | (12,040 | ) | ||||||||||||||||||||
Lam Research Corp. |
47 | 04/06/23 | USD | 500.00 | USD | 2,492 | (150,987 | ) | ||||||||||||||||||||
Micron Technology, Inc. |
174 | 04/06/23 | USD | 65.00 | USD | 1,050 | (1,218 | ) | ||||||||||||||||||||
Microsoft Corp. |
135 | 04/06/23 | USD | 260.00 | USD | 3,892 | (382,725 | ) | ||||||||||||||||||||
MongoDB, Inc. |
28 | 04/06/23 | USD | 225.00 | USD | 653 | (31,080 | ) | ||||||||||||||||||||
Netflix, Inc. |
33 | 04/06/23 | USD | 340.00 | USD | 1,140 | (31,515 | ) | ||||||||||||||||||||
NVIDIA Corp. |
127 | 04/06/23 | USD | 245.00 | USD | 3,528 | (420,687 | ) | ||||||||||||||||||||
QUALCOMM, Inc. |
66 | 04/06/23 | USD | 130.00 | USD | 842 | (5,379 | ) | ||||||||||||||||||||
Salesforce, Inc. |
64 | 04/06/23 | USD | 200.00 | USD | 1,279 | (16,224 | ) | ||||||||||||||||||||
Spotify Technology SA |
81 | 04/06/23 | USD | 122.00 | USD | 1,082 | (98,010 | ) | ||||||||||||||||||||
Take-Two Interactive Software, Inc. |
11 | 04/06/23 | USD | 117.00 | USD | 131 | (3,427 | ) | ||||||||||||||||||||
Tesla, Inc. |
38 | 04/06/23 | USD | 230.00 | USD | 788 | (3,971 | ) | ||||||||||||||||||||
Unity Software, Inc. |
200 | 04/06/23 | USD | 35.00 | USD | 649 | (7,200 | ) | ||||||||||||||||||||
Visa, Inc., Class A |
49 | 04/06/23 | USD | 225.00 | USD | 1,105 | (11,442 | ) | ||||||||||||||||||||
Alibaba Group Holding Ltd., ADR |
135 | 04/14/23 | USD | 96.00 | USD | 1,379 | (103,612 | ) | ||||||||||||||||||||
Alphabet, Inc., Class A |
222 | 04/14/23 | USD | 95.00 | USD | 2,303 | (195,360 | ) | ||||||||||||||||||||
Amazon.com, Inc. |
67 | 04/14/23 | USD | 101.00 | USD | 692 | (26,800 | ) | ||||||||||||||||||||
Apple, Inc. |
280 | 04/14/23 | USD | 160.00 | USD | 4,617 | (166,600 | ) | ||||||||||||||||||||
Atlassian Corp., Class A |
53 | 04/14/23 | USD | 177.50 | USD | 907 | (21,200 | ) | ||||||||||||||||||||
Broadcom, Inc. |
62 | 04/14/23 | USD | 625.00 | USD | 3,978 | (142,600 | ) | ||||||||||||||||||||
Crowdstrike Holdings, Inc., Class A |
76 | 04/14/23 | USD | 130.00 | USD | 1,043 | (70,490 | ) | ||||||||||||||||||||
Marvell Technology, Inc. |
190 | 04/14/23 | USD | 41.00 | USD | 823 | (56,525 | ) | ||||||||||||||||||||
Mastercard, Inc., Class A |
87 | 04/14/23 | USD | 375.00 | USD | 3,162 | (10,179 | ) | ||||||||||||||||||||
MercadoLibre, Inc. |
14 | 04/14/23 | USD | 1,210.00 | USD | 1,845 | (163,870 | ) | ||||||||||||||||||||
Micron Technology, Inc. |
230 | 04/14/23 | USD | 61.00 | USD | 1,388 | (32,775 | ) | ||||||||||||||||||||
Microsoft Corp. |
86 | 04/14/23 | USD | 265.00 | USD | 2,479 | (210,055 | ) | ||||||||||||||||||||
Netflix, Inc. |
29 | 04/14/23 | USD | 330.00 | USD | 1,002 | (58,435 | ) | ||||||||||||||||||||
NVIDIA Corp. |
127 | 04/14/23 | USD | 245.00 | USD | 3,528 | (432,435 | ) | ||||||||||||||||||||
S&P Global, Inc. |
48 | 04/14/23 | USD | 355.00 | USD | 1,655 | (12,720 | ) | ||||||||||||||||||||
S&P Global, Inc. |
5 | 04/14/23 | USD | 350.00 | USD | 172 | (2,100 | ) | ||||||||||||||||||||
Tesla, Inc. |
90 | 04/14/23 | USD | 187.50 | USD | 1,867 | (204,525 | ) | ||||||||||||||||||||
Twilio, Inc., Class A |
71 | 04/14/23 | USD | 80.00 | USD | 473 | (1,136 | ) | ||||||||||||||||||||
Uber Technologies, Inc. |
516 | 04/14/23 | USD | 35.50 | USD | 1,636 | (3,870 | ) | ||||||||||||||||||||
Wolfspeed, Inc. |
361 | 04/14/23 | USD | 86.00 | USD | 2,345 | (1,285 | ) | ||||||||||||||||||||
Advanced Micro Devices, Inc. |
293 | 04/21/23 | USD | 105.00 | USD | 2,872 | (43,071 | ) |
C O N S O L I D A T E D S C H E D U L E O F I N V E S T M E N T S | 4 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2023 |
BlackRock Science and Technology Trust (BST)
|
Exchange-Traded Options Written (continued)
Description | Number of Contracts |
Expiration Date |
Exercise Price | Notional Amount (000) |
Value | |||||||||||||||||||||||
Call (continued) |
||||||||||||||||||||||||||||
Alphabet, Inc., Class A |
45 | 04/21/23 | USD | 105.00 | USD | 467 | $ | (10,328 | ) | |||||||||||||||||||
Alphabet, Inc., Class A |
37 | 04/21/23 | USD | 95.00 | USD | 384 | (35,058 | ) | ||||||||||||||||||||
Alphabet, Inc., Class A |
111 | 04/21/23 | USD | 102.00 | USD | 1,151 | (44,123 | ) | ||||||||||||||||||||
Amazon.com, Inc. |
75 | 04/21/23 | USD | 100.00 | USD | 775 | (39,750 | ) | ||||||||||||||||||||
ANSYS, Inc. |
83 | 04/21/23 | USD | 280.00 | USD | 2,762 | (446,540 | ) | ||||||||||||||||||||
ANSYS, Inc. |
69 | 04/21/23 | USD | 320.00 | USD | 2,296 | (121,440 | ) | ||||||||||||||||||||
Apple, Inc. |
359 | 04/21/23 | USD | 155.00 | USD | 5,920 | (391,310 | ) | ||||||||||||||||||||
Arista Networks, Inc. |
72 | 04/21/23 | USD | 172.50 | USD | 1,209 | (21,240 | ) | ||||||||||||||||||||
Aspen Technology, Inc. |
95 | 04/21/23 | USD | 220.00 | USD | 2,174 | (123,500 | ) | ||||||||||||||||||||
Atlassian Corp., Class A |
43 | 04/21/23 | USD | 170.00 | USD | 736 | (39,775 | ) | ||||||||||||||||||||
Cadence Design Systems, Inc. |
221 | 04/21/23 | USD | 194.50 | USD | 4,643 | (385,636 | ) | ||||||||||||||||||||
CDW Corp. |
74 | 04/21/23 | USD | 200.00 | USD | 1,442 | (16,280 | ) | ||||||||||||||||||||
Credo Technology Group Holding Ltd. |
607 | 04/21/23 | USD | 19.91 | USD | 572 | | |||||||||||||||||||||
First Solar, Inc. |
44 | 04/21/23 | USD | 210.00 | USD | 957 | (57,420 | ) | ||||||||||||||||||||
Flex Ltd. |
470 | 04/21/23 | USD | 25.00 | USD | 1,081 | (4,700 | ) | ||||||||||||||||||||
Gitlab, Inc., Class A |
192 | 04/21/23 | USD | 60.00 | USD | 658 | (1,920 | ) | ||||||||||||||||||||
Intuit, Inc. |
108 | 04/21/23 | USD | 440.00 | USD | 4,815 | (178,200 | ) | ||||||||||||||||||||
KE Holdings, Inc., ADR |
352 | 04/21/23 | USD | 22.50 | USD | 663 | (3,344 | ) | ||||||||||||||||||||
Mastercard, Inc., Class A |
182 | 04/21/23 | USD | 365.00 | USD | 6,614 | (114,660 | ) | ||||||||||||||||||||
MercadoLibre, Inc. |
19 | 04/21/23 | USD | 1,230.00 | USD | 2,504 | (205,770 | ) | ||||||||||||||||||||
Meta Platforms, Inc., Class A |
216 | 04/21/23 | USD | 175.00 | USD | 4,578 | (819,180 | ) | ||||||||||||||||||||
Microsoft Corp. |
225 | 04/21/23 | USD | 265.00 | USD | 6,487 | (561,375 | ) | ||||||||||||||||||||
Microsoft Corp. |
227 | 04/21/23 | USD | 285.00 | USD | 6,544 | (198,057 | ) | ||||||||||||||||||||
MongoDB, Inc. |
28 | 04/21/23 | USD | 230.00 | USD | 653 | (38,360 | ) | ||||||||||||||||||||
Monolithic Power Systems, Inc. |
68 | 04/21/23 | USD | 510.50 | USD | 3,404 | (128,242 | ) | ||||||||||||||||||||
Motorola Solutions, Inc. |
45 | 04/21/23 | USD | 270.00 | USD | 1,288 | (80,325 | ) | ||||||||||||||||||||
MSCI, Inc. |
34 | 04/21/23 | USD | 580.00 | USD | 1,903 | (23,460 | ) | ||||||||||||||||||||
NEXTracker, Inc., Class A |
200 | 04/21/23 | USD | 35.00 | USD | 725 | (48,000 | ) | ||||||||||||||||||||
NEXTracker, Inc., Class A |
400 | 04/21/23 | USD | 40.00 | USD | 1,450 | (21,000 | ) | ||||||||||||||||||||
NVIDIA Corp. |
211 | 04/21/23 | USD | 260.00 | USD | 5,861 | (480,025 | ) | ||||||||||||||||||||
Okta, Inc. |
68 | 04/21/23 | USD | 90.00 | USD | 586 | (13,838 | ) | ||||||||||||||||||||
Oracle Corp. |
197 | 04/21/23 | USD | 90.00 | USD | 1,831 | (72,890 | ) | ||||||||||||||||||||
QUALCOMM, Inc. |
215 | 04/21/23 | USD | 125.00 | USD | 2,743 | (117,175 | ) | ||||||||||||||||||||
ROBLOX Corp., Class A |
228 | 04/21/23 | USD | 50.00 | USD | 1,026 | (18,582 | ) | ||||||||||||||||||||
S&P Global, Inc. |
50 | 04/21/23 | USD | 345.00 | USD | 1,724 | (39,750 | ) | ||||||||||||||||||||
ServiceNow, Inc. |
18 | 04/21/23 | USD | 455.00 | USD | 836 | (37,440 | ) | ||||||||||||||||||||
Shopify, Inc., Class A |
218 | 04/21/23 | USD | 49.00 | USD | 1,045 | (39,349 | ) | ||||||||||||||||||||
Spotify Technology SA |
68 | 04/21/23 | USD | 135.00 | USD | 909 | (28,220 | ) | ||||||||||||||||||||
Tesla, Inc. |
39 | 04/21/23 | USD | 210.00 | USD | 809 | (44,753 | ) | ||||||||||||||||||||
Tesla, Inc. |
51 | 04/21/23 | USD | 230.00 | USD | 1,058 | (24,098 | ) | ||||||||||||||||||||
Twilio, Inc., Class A |
90 | 04/21/23 | USD | 66.00 | USD | 600 | (33,525 | ) | ||||||||||||||||||||
Visa, Inc., Class A |
49 | 04/21/23 | USD | 230.00 | USD | 1,105 | (11,221 | ) | ||||||||||||||||||||
Motorola Solutions, Inc. |
46 | 04/27/23 | USD | 275.00 | USD | 1,316 | (67,011 | ) | ||||||||||||||||||||
Alibaba Group Holding Ltd., ADR |
114 | 04/28/23 | USD | 89.00 | USD | 1,165 | (165,300 | ) | ||||||||||||||||||||
Amazon.com, Inc. |
95 | 04/28/23 | USD | 103.00 | USD | 981 | (49,638 | ) | ||||||||||||||||||||
Apple, Inc. |
376 | 04/28/23 | USD | 165.00 | USD | 6,200 | (165,440 | ) | ||||||||||||||||||||
Arista Networks, Inc. |
25 | 04/28/23 | USD | 177.50 | USD | 420 | (6,188 | ) | ||||||||||||||||||||
Autodesk, Inc. |
93 | 04/28/23 | USD | 215.00 | USD | 1,936 | (40,455 | ) | ||||||||||||||||||||
Broadcom, Inc. |
32 | 04/28/23 | USD | 645.00 | USD | 2,053 | (51,680 | ) | ||||||||||||||||||||
Crowdstrike Holdings, Inc., Class A |
72 | 04/28/23 | USD | 139.00 | USD | 988 | (41,580 | ) | ||||||||||||||||||||
Gitlab, Inc., Class A |
362 | 04/28/23 | USD | 40.00 | USD | 1,241 | (31,675 | ) | ||||||||||||||||||||
KE Holdings, Inc., ADR |
352 | 04/28/23 | USD | 20.00 | USD | 663 | (25,520 | ) | ||||||||||||||||||||
Marvell Technology, Inc. |
390 | 04/28/23 | USD | 45.00 | USD | 1,689 | (58,890 | ) | ||||||||||||||||||||
Mastercard, Inc., Class A |
160 | 04/28/23 | USD | 370.00 | USD | 5,815 | (107,600 | ) | ||||||||||||||||||||
MercadoLibre, Inc. |
22 | 04/28/23 | USD | 1,320.00 | USD | 2,900 | (131,450 | ) | ||||||||||||||||||||
Microsoft Corp. |
120 | 04/28/23 | USD | 280.00 | USD | 3,460 | (172,200 | ) | ||||||||||||||||||||
MongoDB, Inc. |
68 | 04/28/23 | USD | 230.00 | USD | 1,585 | (108,290 | ) | ||||||||||||||||||||
Netflix, Inc. |
28 | 04/28/23 | USD | 350.00 | USD | 967 | (51,240 | ) | ||||||||||||||||||||
Okta, Inc. |
213 | 04/28/23 | USD | 89.00 | USD | 1,837 | (62,728 | ) | ||||||||||||||||||||
Oracle Corp. |
170 | 04/28/23 | USD | 86.00 | USD | 1,580 | (125,375 | ) | ||||||||||||||||||||
ROBLOX Corp., Class A |
227 | 04/28/23 | USD | 50.00 | USD | 1,021 | (24,516 | ) | ||||||||||||||||||||
Salesforce, Inc. |
128 | 04/28/23 | USD | 190.00 | USD | 2,557 | (169,280 | ) |
5 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2023 |
BlackRock Science and Technology Trust (BST)
|
Exchange-Traded Options Written (continued)
Description | Number of Contracts |
Expiration Date |
Exercise Price |
Notional Amount (000) |
Value | |||||||||||||||||||||||
Call (continued) |
||||||||||||||||||||||||||||
Shopify, Inc., Class A |
218 | 04/28/23 | USD | 51.00 | USD | 1,045 | $ | (35,534 | ) | |||||||||||||||||||
Snowflake, Inc., Class A |
24 | 04/28/23 | USD | 155.00 | USD | 370 | (20,340 | ) | ||||||||||||||||||||
Spotify Technology SA |
51 | 04/28/23 | USD | 133.00 | USD | 681 | (44,370 | ) | ||||||||||||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR |
207 | 04/28/23 | USD | 95.00 | USD | 1,926 | (56,718 | ) | ||||||||||||||||||||
Take-Two Interactive Software, Inc. |
133 | 04/28/23 | USD | 117.00 | USD | 1,587 | (71,820 | ) | ||||||||||||||||||||
Tesla, Inc. |
53 | 04/28/23 | USD | 205.00 | USD | 1,100 | (83,475 | ) | ||||||||||||||||||||
Tesla, Inc. |
59 | 04/28/23 | USD | 217.50 | USD | 1,224 | (59,147 | ) | ||||||||||||||||||||
Twilio, Inc., Class A |
130 | 04/28/23 | USD | 69.00 | USD | 866 | (37,050 | ) | ||||||||||||||||||||
Uber Technologies, Inc. |
501 | 04/28/23 | USD | 33.00 | USD | 1,588 | (41,834 | ) | ||||||||||||||||||||
Unity Software, Inc. |
89 | 04/28/23 | USD | 32.00 | USD | 289 | (25,988 | ) | ||||||||||||||||||||
Visa, Inc., Class A |
131 | 04/28/23 | USD | 225.00 | USD | 2,954 | (88,752 | ) | ||||||||||||||||||||
Credo Technology Group Holding Ltd. |
607 | 05/02/23 | USD | 19.91 | USD | 572 | | |||||||||||||||||||||
Advanced Micro Devices, Inc. |
260 | 05/05/23 | USD | 101.00 | USD | 2,548 | (127,400 | ) | ||||||||||||||||||||
Alibaba Group Holding Ltd., ADR |
93 | 05/05/23 | USD | 94.00 | USD | 950 | (103,230 | ) | ||||||||||||||||||||
Alphabet, Inc., Class A |
221 | 05/05/23 | USD | 104.00 | USD | 2,292 | (109,395 | ) | ||||||||||||||||||||
Amazon.com, Inc. |
66 | 05/05/23 | USD | 103.00 | USD | 682 | (38,115 | ) | ||||||||||||||||||||
Atlassian Corp., Class A |
56 | 05/05/23 | USD | 170.00 | USD | 959 | (85,680 | ) | ||||||||||||||||||||
First Solar, Inc. |
39 | 05/05/23 | USD | 232.50 | USD | 848 | (29,250 | ) | ||||||||||||||||||||
KE Holdings, Inc., ADR |
353 | 05/05/23 | USD | 21.00 | USD | 665 | (21,533 | ) | ||||||||||||||||||||
Lam Research Corp. |
39 | 05/05/23 | USD | 535.00 | USD | 2,067 | (104,032 | ) | ||||||||||||||||||||
Microsoft Corp. |
187 | 05/05/23 | USD | 285.00 | USD | 5,391 | (235,152 | ) | ||||||||||||||||||||
MongoDB, Inc. |
30 | 05/05/23 | USD | 230.00 | USD | 699 | (53,100 | ) | ||||||||||||||||||||
NVIDIA Corp. |
35 | 05/05/23 | USD | 285.00 | USD | 972 | (42,000 | ) | ||||||||||||||||||||
Oracle Corp. |
333 | 05/05/23 | USD | 89.00 | USD | 3,094 | (170,662 | ) | ||||||||||||||||||||
Salesforce, Inc. |
47 | 05/05/23 | USD | 197.50 | USD | 939 | (42,418 | ) | ||||||||||||||||||||
ServiceNow, Inc. |
50 | 05/05/23 | USD | 470.00 | USD | 2,324 | (110,500 | ) | ||||||||||||||||||||
Take-Two Interactive Software, Inc. |
76 | 05/05/23 | USD | 120.00 | USD | 907 | (32,680 | ) | ||||||||||||||||||||
Tesla, Inc. |
68 | 05/05/23 | USD | 205.00 | USD | 1,411 | (116,280 | ) | ||||||||||||||||||||
Unity Software, Inc. |
187 | 05/05/23 | USD | 32.00 | USD | 607 | (60,307 | ) | ||||||||||||||||||||
Visa, Inc., Class A |
131 | 05/05/23 | USD | 225.01 | USD | 2,954 | (96,584 | ) | ||||||||||||||||||||
Credo Technology Group Holding Ltd. |
516 | 05/09/23 | USD | 19.40 | USD | 486 | (1 | ) | ||||||||||||||||||||
Apple, Inc. |
366 | 05/12/23 | USD | 162.50 | USD | 6,035 | (262,605 | ) | ||||||||||||||||||||
Wolfspeed, Inc. |
533 | 05/12/23 | USD | 68.80 | USD | 3,462 | (206,065 | ) | ||||||||||||||||||||
Alteryx, Inc., Class A |
390 | 05/19/23 | USD | 65.00 | USD | 2,295 | (94,575 | ) | ||||||||||||||||||||
Amazon.com, Inc. |
107 | 05/19/23 | USD | 110.00 | USD | 1,105 | (36,380 | ) | ||||||||||||||||||||
Aspen Technology, Inc. |
59 | 05/19/23 | USD | 230.00 | USD | 1,350 | (72,570 | ) | ||||||||||||||||||||
Cadence Design Systems, Inc. |
293 | 05/19/23 | USD | 220.00 | USD | 6,156 | (143,570 | ) | ||||||||||||||||||||
Credo Technology Group Holding Ltd. |
196 | 05/19/23 | USD | 17.50 | USD | 185 | (1,960 | ) | ||||||||||||||||||||
Credo Technology Group Holding Ltd. |
607 | 05/19/23 | USD | 20.00 | USD | 572 | (3,035 | ) | ||||||||||||||||||||
Flex Ltd. |
800 | 05/19/23 | USD | 22.00 | USD | 1,841 | (156,000 | ) | ||||||||||||||||||||
Marvell Technology, Inc. |
250 | 05/19/23 | USD | 45.00 | USD | 1,083 | (59,750 | ) | ||||||||||||||||||||
Meta Platforms, Inc., Class A |
99 | 05/19/23 | USD | 185.00 | USD | 2,098 | (329,175 | ) | ||||||||||||||||||||
Monolithic Power Systems, Inc. |
37 | 05/19/23 | USD | 500.00 | USD | 1,852 | (135,975 | ) | ||||||||||||||||||||
NEXTracker, Inc., Class A |
200 | 05/19/23 | USD | 40.00 | USD | 725 | (42,000 | ) | ||||||||||||||||||||
Snowflake, Inc., Class A |
31 | 05/19/23 | USD | 155.00 | USD | 478 | (36,890 | ) | ||||||||||||||||||||
Tesla, Inc. |
117 | 05/19/23 | USD | 225.00 | USD | 2,427 | (130,747 | ) | ||||||||||||||||||||
Unity Software, Inc. |
38 | 05/19/23 | USD | 35.00 | USD | 123 | (11,685 | ) | ||||||||||||||||||||
Visa, Inc., Class A |
226 | 05/19/23 | USD | 235.00 | USD | 5,095 | (85,880 | ) | ||||||||||||||||||||
Credo Technology Group Holding Ltd. |
328 | 06/16/23 | USD | 9.77 | USD | 309 | (25,420 | ) | ||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
$ | (14,787,015 | ) | ||||||||||||||||||||||||||
|
|
OTC Options Written
Description | Counterparty | Number of Contracts |
Expiration Date |
Exercise Price |
Notional Amount (000) |
Value | ||||||||||||||||||||||||
Call |
||||||||||||||||||||||||||||||
Soitec SA |
UBS AG | 14,600 | 04/04/23 | EUR | 137.71 | EUR | 2,155 | $ | (158,019 | ) | ||||||||||||||||||||
STMicroelectronics NV |
Goldman Sachs International | 21,400 | 04/04/23 | EUR | 47.43 | EUR | 1,048 | (38,994 | ) | |||||||||||||||||||||
Tencent Holdings Ltd. |
JPMorgan Chase Bank N.A. | 80,000 | 04/04/23 | HKD | 393.74 | HKD | 30,864 | (30,187 | ) | |||||||||||||||||||||
Xero Ltd. |
Goldman Sachs International | 38,100 | 04/04/23 | AUD | 81.68 | AUD | 3,407 | (198,497 | ) |
C O N S O L I D A T E D S C H E D U L E O F I N V E S T M E N T S | 6 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2023 |
BlackRock Science and Technology Trust (BST)
|
OTC Options Written (continued)
Description | Counterparty | Number of Contracts |
Expiration Date |
Exercise Price | Notional Amount (000) |
Value | ||||||||||||||||||||||||
Call (continued) |
||||||||||||||||||||||||||||||
ASM International NV |
Goldman Sachs International | 13,200 | 04/11/23 | EUR | 357.37 | EUR | 4,909 | $ | (267,346 | ) | ||||||||||||||||||||
Dassault Systèmes SE |
Goldman Sachs International | 65,000 | 04/11/23 | EUR | 40.24 | EUR | 2,462 | (3,296 | ) | |||||||||||||||||||||
GMO Payment Gateway, Inc. |
Societe Generale | 8,700 | 04/11/23 | JPY | 12,338.40 | JPY | 99,006 | (1,915 | ) | |||||||||||||||||||||
SiteMinder Ltd. |
Goldman Sachs International | 16,700 | 04/12/23 | AUD | 4.45 | AUD | 57 | (5 | ) | |||||||||||||||||||||
Soitec SA |
JPMorgan Chase Bank N.A. | 9,900 | 04/12/23 | EUR | 146.41 | EUR | 1,461 | (37,039 | ) | |||||||||||||||||||||
STMicroelectronics NV |
Goldman Sachs International | 43,800 | 04/12/23 | EUR | 45.94 | EUR | 2,144 | (155,590 | ) | |||||||||||||||||||||
Wise PLC, Class A |
Morgan Stanley & Co. International PLC | 58,200 | 04/12/23 | GBP | 6.10 | GBP | 316 | (2,259 | ) | |||||||||||||||||||||
Tencent Holdings Ltd. |
Goldman Sachs International | 7,100 | 04/13/23 | HKD | 382.66 | HKD | 2,739 | (11,325 | ) | |||||||||||||||||||||
SiteMinder Ltd. |
Goldman Sachs International | 16,700 | 04/18/23 | AUD | 4.45 | AUD | 57 | (29 | ) | |||||||||||||||||||||
SiteMinder Ltd. |
Goldman Sachs International | 23,000 | 04/19/23 | AUD | 4.07 | AUD | 79 | (267 | ) | |||||||||||||||||||||
Soitec SA |
Goldman Sachs International | 9,600 | 04/19/23 | EUR | 151.44 | EUR | 1,417 | (18,550 | ) | |||||||||||||||||||||
Wise PLC, Class A |
Morgan Stanley & Co. International PLC | 100,000 | 04/19/23 | GBP | 6.17 | GBP | 544 | (6,565 | ) | |||||||||||||||||||||
SiteMinder Ltd. |
Goldman Sachs International | 16,700 | 04/26/23 | AUD | 4.45 | AUD | 57 | (92 | ) | |||||||||||||||||||||
Soitec SA |
Citibank N.A. | 1,800 | 04/26/23 | EUR | 154.67 | EUR | 266 | (2,937 | ) | |||||||||||||||||||||
Tencent Holdings Ltd. |
Bank of America N.A. | 7,000 | 04/26/23 | HKD | 363.53 | HKD | 2,701 | (25,873 | ) | |||||||||||||||||||||
Wise PLC, Class A |
Goldman Sachs International | 75,850 | 04/26/23 | GBP | 6.04 | GBP | 412 | (9,683 | ) | |||||||||||||||||||||
ASML Holding NV |
Goldman Sachs International | 19,600 | 04/27/23 | EUR | 621.10 | EUR | 12,254 | (546,030 | ) | |||||||||||||||||||||
Trip.com Group Ltd. |
JPMorgan Chase Bank N.A. | 111,300 | 04/27/23 | HKD | 314.36 | HKD | 32,700 | (50,991 | ) | |||||||||||||||||||||
GMO Payment Gateway, Inc. |
BNP Paribas SA | 19,400 | 05/02/23 | JPY | 11,730.62 | JPY | 220,772 | (46,302 | ) | |||||||||||||||||||||
SiteMinder Ltd. |
Goldman Sachs International | 20,000 | 05/02/23 | AUD | 4.02 | AUD | 69 | (694 | ) | |||||||||||||||||||||
SiteMinder Ltd. |
Goldman Sachs International | 20,000 | 05/04/23 | AUD | 4.06 | AUD | 69 | (680 | ) | |||||||||||||||||||||
Samsung SDI Co. Ltd. |
JPMorgan Chase Bank N.A. | 6,800 | 05/09/23 | KRW | 748,391.33 | KRW | 4,998,000 | (133,019 | ) | |||||||||||||||||||||
Soitec SA |
JPMorgan Chase Bank N.A. | 600 | 05/09/23 | EUR | 146.82 | EUR | 89 | (4,149 | ) | |||||||||||||||||||||
Adyen NV |
Goldman Sachs International | 3,600 | 05/16/23 | EUR | 1,486.73 | EUR | 5,253 | (277,880 | ) | |||||||||||||||||||||
GMO Payment Gateway, Inc. |
JPMorgan Chase Bank N.A. | 17,400 | 05/16/23 | JPY | 11,993.35 | JPY | 198,012 | (41,393 | ) | |||||||||||||||||||||
Soitec SA |
JPMorgan Chase Bank N.A. | 1,800 | 05/16/23 | EUR | 146.21 | EUR | 266 | (14,957 | ) | |||||||||||||||||||||
Renesas Electronics Corp. |
UBS AG | 67,300 | 05/18/23 | JPY | 1,876.59 | JPY | 128,779 | (64,095 | ) | |||||||||||||||||||||
Renesas Electronics Corp. |
UBS AG | 67,300 | 05/23/23 | JPY | 1,894.80 | JPY | 128,779 | (60,456 | ) | |||||||||||||||||||||
Wise PLC, Class A |
JPMorgan Chase Bank N.A. | 41,500 | 05/23/23 | GBP | 5.72 | GBP | 226 | (14,167 | ) | |||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
$ | (2,223,281 | ) | ||||||||||||||||||||||||||||
|
|
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
| Level 1 Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access; |
| Level 2 Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other marketcorroborated inputs); and |
| Level 3 Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committees assumptions used in determining the fair value of financial instruments). |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trusts policy regarding valuation of financial instruments, refer to its most recent financial statements.
Certain investments of the Trust were fair valued using net asset value (NAV) as a practical expedient as no quoted market value is available and therefore have been excluded from the fair value hierarchy.
7 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2023 |
BlackRock Science and Technology Trust (BST)
|
Fair Value Hierarchy as of Period End (continued)
The following table summarizes the Trusts financial instruments categorized in the fair value hierarchy. The breakdown of the Trusts financial instruments into major categories is disclosed in the Consolidated Schedule of Investments above.
|
||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
|
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Assets |
||||||||||||||||
Investments |
||||||||||||||||
Long-Term Investments |
||||||||||||||||
Common Stocks |
||||||||||||||||
Automobiles |
$ | 24,125,109 | $ | | $ | | $ | 24,125,109 | ||||||||
Banks |
| | 5,220,225 | 5,220,225 | ||||||||||||
Broadline Retail |
40,058,304 | | | 40,058,304 | ||||||||||||
Capital Markets |
12,857,404 | | | 12,857,404 | ||||||||||||
Communications Equipment |
9,676,395 | | | 9,676,395 | ||||||||||||
Distributors |
| | 125,255 | 125,255 | ||||||||||||
Diversified Consumer Services |
| | 14,136,842 | 14,136,842 | ||||||||||||
Electrical Equipment |
6,448,478 | | | 6,448,478 | ||||||||||||
Electronic Equipment, Instruments & Components |
15,056,742 | 9,761,177 | | 24,817,919 | ||||||||||||
Entertainment |
22,458,049 | | | 22,458,049 | ||||||||||||
Financial Services |
52,311,312 | 22,501,809 | | 74,813,121 | ||||||||||||
Ground Transportation |
7,166,673 | | 4,003,338 | 11,170,011 | ||||||||||||
Health Care Technology |
| 5,358,490 | | 5,358,490 | ||||||||||||
Hotels, Restaurants & Leisure |
| 9,316,629 | | 9,316,629 | ||||||||||||
Interactive Media & Services |
30,390,758 | 10,526,446 | 1,661,910 | 42,579,114 | ||||||||||||
IT Services |
24,164,340 | | 15,651,364 | 39,815,704 | ||||||||||||
Professional Services |
| 1,721,595 | | 1,721,595 | ||||||||||||
Real Estate Management & Development |
4,428,681 | | | 4,428,681 | ||||||||||||
Semiconductors & Semiconductor Equipment |
150,252,570 | 69,295,610 | | 219,548,180 | ||||||||||||
Software |
207,399,041 | 14,912,896 | 17,506,352 | 239,818,289 | ||||||||||||
Technology Hardware, Storage & Peripherals |
82,020,085 | | | 82,020,085 | ||||||||||||
Convertible Notes |
| | 747,200 | 747,200 | ||||||||||||
Preferred Securities |
||||||||||||||||
Preferred Stocks |
| | 191,045,752 | 191,045,752 | ||||||||||||
Warrants |
| | 854 | 854 | ||||||||||||
Short-Term Securities |
||||||||||||||||
Money Market Funds |
262,674 | | | 262,674 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 689,076,615 | $ | 143,394,652 | $ | 250,099,092 | 1,082,570,359 | ||||||||||
|
|
|
|
|
|
|
|
|||||||||
Investments Valued at NAV(a) |
7,809,299 | |||||||||||||||
|
|
|||||||||||||||
$ | 1,090,379,658 | |||||||||||||||
|
|
|||||||||||||||
Derivative Financial Instruments(b) |
||||||||||||||||
Liabilities |
||||||||||||||||
Equity Contracts |
$ | (13,869,385 | ) | $ | (3,140,911 | ) | $ | | $ | (17,010,296 | ) | |||||
|
|
|
|
|
|
|
|
(a) | Certain investments of the Trust were fair valued using NAV as a practical expedient as no quoted market value is available and therefore have been excluded from the fair value hierarchy. |
(b) | Derivative financial instruments are options written. Options written are shown at value. |
A reconciliation of Level 3 financial instruments is presented when the Trust had a significant amount of Level 3 investments and derivative financial instruments at the beginning and/or end of the period in relation to net assets. The following table is a reconciliation of Level 3 investments for which significant unobservable inputs were used in determining fair value:
Common Stocks |
Convertible Notes |
Preferred Stocks |
Warrants | Total | ||||||||||||||||
Assets |
||||||||||||||||||||
Opening balance, as of December 31, 2022 |
$ | 60,069,300 | $ | 1,920,000 | $ | 195,967,596 | $ | 16,212 | $ | 257,973,108 | ||||||||||
Transfers into Level 3 |
| | | | | |||||||||||||||
Transfers out of Level 3 |
| | | | | |||||||||||||||
Accrued discounts/premiums |
| | | | | |||||||||||||||
Net realized gain (loss) |
| | | | | |||||||||||||||
Net change in unrealized appreciation (depreciation)(a) |
(1,764,014 | ) | (1,172,800 | ) | (4,921,844 | ) | (15,358 | ) | (7,874,016 | ) |
C O N S O L I D A T E D S C H E D U L E O F I N V E S T M E N T S | 8 |
Consolidated Schedule of Investments (unaudited) (continued) March 31, 2023 |
BlackRock Science and Technology Trust (BST)
|
Common Stocks |
Convertible Notes |
Preferred Stocks |
Warrants | Total | ||||||||||||||||
Purchases |
$ | | $ | | $ | | $ | | $ | | ||||||||||
Sales |
| | | | | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Closing balance, as of March 31, 2023 |
$ | 58,305,286 | $ | 747,200 | $ | 191,045,752 | $ | 854 | $ | 250,099,092 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Net change in unrealized appreciation (depreciation) on investments still held at March 31, 2023(a) |
$ | (1,764,014 | ) | $ | (1,172,800 | ) | $ | (4,921,844 | ) | $ | (15,358 | ) | $ | (7,874,016 | ) | |||||
|
|
|
|
|
|
|
|
|
|
(a) | Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on investments still held at March 31, 2023 is generally due to investments no longer held or categorized as Level 3 at period end. |
The following table summarizes the valuation approaches used and unobservable inputs utilized by the BlackRock Valuation Committee (the Valuation Committee) to determine the value of certain of the Trusts Level 3 financial instruments as of period end.
Value | |
Valuation Approach |
|
|
Unobservable Inputs |
|
|
Range of Unobservable Inputs Utilized |
(a) |
|
Weighted Average of Unobservable on Inputs |
(b) | ||||||||
Assets |
||||||||||||||||||||
Common Stocks |
$ | 58,305,286 | Market | Revenue Multiple | 2.50x - 29.31x | 10.77x | ||||||||||||||
Volatility | 37% - 75% | 63% | ||||||||||||||||||
Time to Exit | 0.5 - 4.0 years | 2.9 years | ||||||||||||||||||
Exit Multiple | 9.50x | | ||||||||||||||||||
Market Adjustment Multiple | 0.55x | | ||||||||||||||||||
Gross Profit Multiple | 18.50x | | ||||||||||||||||||
Income | Discount | 16% | | |||||||||||||||||
Convertible Notes |
747,200 | Income | Discount | 10% | | |||||||||||||||
Preferred Stocks |
191,045,752 | Market | Revenue Multiple | 3.15x - 29.31x | 14.89x | |||||||||||||||
Volatility | 50% - 75% | 63% | ||||||||||||||||||
Time to Exit | 3.0 - 5.0 years | 4.1 years | ||||||||||||||||||
Market Adjustment Multiple | 0.55x - 1.00x | 0.94x | ||||||||||||||||||
Gross Profit Multiple | 7.32x | | ||||||||||||||||||
Recent Transactions | (b) | | ||||||||||||||||||
Warrants |
854 | Market | Revenue Multiple | 7.25x | | |||||||||||||||
Volatility | 37% | | ||||||||||||||||||
Time to Exit | 0.5 years | | ||||||||||||||||||
|
|
|||||||||||||||||||
250,099,092 | ||||||||||||||||||||
|
|
(a) | A significant change in unobservable input would have resulted in a correlated (inverse) significant change to value. |
(b) | For the period end December 31, 2022, the valuation technique for certain investments classified as Preferred Stock used recent prior transaction prices as inputs within the model used for the approximation of fair value. |
Currency Abbreviation | ||
AUD | Australian Dollar | |
EUR | Euro | |
GBP | British Pound | |
HKD | Hong Kong Dollar | |
JPY | Japanese Yen | |
KRW | South Korean Won | |
USD | United States Dollar | |
Portfolio Abbreviation | ||
ADR | American Depositary Receipt | |
MSCI | Morgan Stanley Capital International | |
S&P | Standard & Poors |
9 |